TOKYO -- The Bank of Japan scaled back purchases of exchange-traded funds and real estate investment trusts in 2019, a year in which the Japanese stock market's robust performance eased the need for support.
The BOJ bought 4.38 trillion yen ($40.3 billion) of ETFs, roughly 30% short of the targeted 6 trillion yen or so. REIT purchases totaled 52.8 billion yen, about 40% below the target.
